The Trouble With Too Much Information

I had dinner with a friend last night, and I'll tell you what, he made an interesting comment about information. And information can be thought of in so many ways, information on how much you should invest, on how much knowledge you have in investing. The news out there, what's going on in the world, how much information is being brought in to you with so much being brought into you with the news, YouTube, Twitter, social media, and everything else. And I just want to make sure, he said that the big issue in the world in America is that we have too much information. Nobody knows what to trust, nobody knows what to do.

And my thought behind that is he's a hundred percent right, but more importantly, what it says to me is to be careful and make sure you filter the information that you're listening to. And at the end of the day, the only real person that you should be listening to is yourself and that's the truth. And we want to know everything and I think knowledge is great, but when we have too many things to pick from when we have too many options, we tend to either take no action or be very indecisive or more importantly, take the wrong advice from somebody that is not living in their truths, is not really who they are, this is scam artists. These are people on social media that are lying to you and not doing all these things or that news outlet is saying that and I don't even watch the news myself, but it made me think about investors and we want to know everything.

We want to know the nuts and bolts and I think it's great to know what you're talking about, it’s great to know what you're doing when it comes to investing, but what you need to make sure is that you're acting. And you're really only going to know them inside of a flip by doing one, you're really only going to know the due diligence of multifamily is by doing one.

So be careful, the information you're bringing in, but also be careful how much information you need to take in and take action. And imperfect action leads to great results. And so what I'm trying to say to you is cut out the noise, cut out the bs, and listen to yourself and listen to the guidance of you. And that's what this whole thing is about, is making sure that success is dictated on your terms, making sure what you want and your goals are for you and when we get to too much outside information, we allow ourselves to be jaded or fogged in on the true things that we want in life.

It's very important to point. He said it and I was like, "That's a really good point." Because Fox News is saying that, well this investor's saying that, well that's doing that. At some point, you have to fail forward and everybody that I've interviewed, everybody that I've talked to that has big in the investor game has failed. So the information is amazing but with too much information you not doing anything, not taking any action. And it's a theory I had when these young kids have a bunch of units and they're just failing forward and they don't really care and they wake up one day and they have a bunch of stuff.

So, it's never going to be the right time, it's never going to be perfect, it's never one of those things. The universe will give you what you want and I promise you it'll look nothing like you think it's going to look like. All these things that I envisioned or through the stories that I created, the expectations that I put on it, nothing has happened the way that it's supposed to and what it's doing is it's telling me, "No, this is the path you're walking, hard, bad or indifferent. This is the route you're going on." And that's okay. And we have a tendency to look to others and look up to others because they have this golden ticket or they have this secret success or whatever you want to call it. Oh, it must've been an overnight success.

No, these people worked. Andy Frisella tells this story all the time, in the first 10 years of 1st Phorm, they made nothing. The man was sleeping in his store, he was bouncing, and then now they're worth a $600 million revenue company a year. And still, people say, hey, it must've been an overnight success, no it wasn't and he didn't take in a ton of information, he just put in the work. So be careful the information that you're putting in your head, but more importantly, make sure that you're not taking on too much information that's leading to no action because that's not going to get you anywhere. So I'd rather you go out and fail a couple of times and learn because you're going to learn more from failing. I learned more from losing $26,000 than I've ever had in my entire existence on this planet.

It taught me flaws in who I was as a person, in business, it taught me flaws as a business partner and you can choose to look at that any which way you want. And I choose to use it as an example on to be better and do better and I have. And so, be careful with the amount of information you're bringing in, but also be very careful who's bringing that information to you and make sure you vet it out because we get so excited and I'm guilty of one of getting energy and you're so excited to do this and you haven't vetted out, you haven't asked the right questions. As my mentor would say, "Make sure your audio matches the video." There's a lot of people talking out there and make sure the people you're following or the information that you're taking in are people that are actually doing it instead of not doing it.